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Question

Anand purchased an item and incurred ₹169 in repair expenses. Subsequently, he sold it to Bharath with a 25% profit. Eventually, Bharath sold the item for ₹4,480, making a 44% loss. What was the original cost (in ₹) of the item for Anand?

The correct answer is
6,231

Calculating Anand's Original Item Cost

This explanation focuses on finding the initial purchase price of an item bought by Anand. We will work backward from the final sale price, considering the profit Anand made and the loss Bharath incurred, along with Anand's repair expenses.

Step 1: Finding Bharath's Purchase Price

Bharath sold the item for ₹4,480, which represented a 44% loss on his purchase price. This means that ₹4,480 is equal to 100% - 44% = 56% of what Bharath paid for it.

Let $C_B$ be the cost price for Bharath.

The relationship can be written as:

$₹4,480 = C_B \times (100\% - 44\%)$

$₹4,480 = C_B \times 56\%$

$₹4,480 = C_B \times 0.56$

To find $C_B$, we calculate:

$C_B = \frac{₹4,480}{0.56}$

$C_B = ₹8,000$

So, Bharath's cost price was ₹8,000.

Step 2: Determining Anand's Selling Price

The price Bharath paid for the item is the same price Anand sold it for. Therefore, Anand's selling price ($S_A$) was ₹8,000.

$S_A = ₹8,000$

Step 3: Calculating Anand's Total Cost

Anand sold the item at a 25% profit. This profit was calculated based on Anand's total cost, which included the original purchase price plus the ₹169 spent on repairs. Anand's selling price ($S_A$) is therefore 100% + 25% = 125% of his total cost ($C_{A, \text{total}}$).

We can express this as:

$S_A = C_{A, \text{total}} \times (100\% + 25\%)$

₹8,000 = $C_{A, \text{total}} \times 125\%$

₹8,000 = $C_{A, \text{total}} \times 1.25$

To find Anand's total cost, we calculate:

$C_{A, \text{total}} = \frac{₹8,000}{1.25}$

$C_{A, \text{total}} = ₹6,400$

Anand's total cost, including repairs, amounted to ₹6,400.

Step 4: Finding Anand's Original Purchase Price

Anand's total cost ($C_{A, \text{total}}$) includes his original purchase price ($C_{A, \text{original}}$) and the repair expenses.

$C_{A, \text{total}} = C_{A, \text{original}} + \text{Repair Expenses}$

₹6,400 = $C_{A, \text{original}} + ₹169$

To find the original purchase price, we subtract the repair costs:

$C_{A, \text{original}} = ₹6,400 - ₹169$

$C_{A, \text{original}} = ₹6,231$

Thus, the original cost of the item for Anand was ₹6,231.

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Important Questions from Profit and Loss

  1. Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair? 

  2. A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?

  3. A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:

  4. A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?

  5. Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?

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